Excerpt:
"Vanguard
predicts a most likely case of a +5.7% real annual returns for stocks, but other
experts are more cautious.
In his new book, Rational Expectations, William J. Bernstein predicts a +2% real return for large-cap stocks and +3% for small-cap stocks over the next decade.
Rob Arnott, chairman of Research Affiliates, forecasts a +3% real return over the next decade."
My own opinion is that the future is even more uncertain than the ranges shown in the Vanguard model — especially on the downside.
And as I see it, the world is a less predictable place than ever before.
Read the entire report here...
Vanguard Capital Markets Model: 10-Year Investing Forecast
In his new book, Rational Expectations, William J. Bernstein predicts a +2% real return for large-cap stocks and +3% for small-cap stocks over the next decade.
Rob Arnott, chairman of Research Affiliates, forecasts a +3% real return over the next decade."
My own opinion is that the future is even more uncertain than the ranges shown in the Vanguard model — especially on the downside.
And as I see it, the world is a less predictable place than ever before.
Read the entire report here...
Vanguard Capital Markets Model: 10-Year Investing Forecast
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